Monumental Financial Group Inc. Boosts Stake in Analog Devices, Inc. (NASDAQ:ADI)

Monumental Financial Group Inc. lifted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,916 shares of the semiconductor company’s stock after acquiring an additional 119 shares during the quarter. Analog Devices accounts for about 0.7% of Monumental Financial Group Inc.’s investment portfolio, making the stock its 26th biggest position. Monumental Financial Group Inc.’s holdings in Analog Devices were worth $1,175,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. CTC Alternative Strategies Ltd. acquired a new position in Analog Devices during the 4th quarter worth $1,152,000. Sequoia Financial Advisors LLC increased its holdings in Analog Devices by 107.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 12,667 shares of the semiconductor company’s stock valued at $2,515,000 after buying an additional 6,564 shares during the last quarter. Prime Capital Investment Advisors LLC raised its stake in Analog Devices by 37.5% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 8,118 shares of the semiconductor company’s stock valued at $1,612,000 after buying an additional 2,215 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Analog Devices by 4.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 100,451 shares of the semiconductor company’s stock worth $19,946,000 after buying an additional 4,516 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Analog Devices by 31.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 373,625 shares of the semiconductor company’s stock worth $74,187,000 after acquiring an additional 89,504 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insider Transactions at Analog Devices

In other Analog Devices news, EVP Vivek Jain sold 3,479 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $197.56, for a total value of $687,311.24. Following the transaction, the executive vice president now directly owns 5,745 shares of the company’s stock, valued at approximately $1,134,982.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Vivek Jain sold 3,479 shares of the stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $197.56, for a total transaction of $687,311.24. Following the transaction, the executive vice president now owns 5,745 shares in the company, valued at approximately $1,134,982.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the completion of the sale, the chief executive officer now directly owns 5,713 shares of the company’s stock, valued at approximately $1,097,524.43. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,707 shares of company stock valued at $4,825,113. 0.31% of the stock is owned by insiders.

Analog Devices Trading Up 2.0 %

NASDAQ ADI traded up $4.03 on Friday, hitting $201.97. 3,136,261 shares of the company were exchanged, compared to its average volume of 3,090,032. Analog Devices, Inc. has a twelve month low of $154.99 and a twelve month high of $204.20. The company’s 50 day moving average price is $193.45 and its 200-day moving average price is $187.44. The firm has a market capitalization of $100.16 billion, a P/E ratio of 36.13, a price-to-earnings-growth ratio of 5.07 and a beta of 1.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.98.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.02. Analog Devices had a net margin of 24.34% and a return on equity of 12.76%. The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the business earned $2.75 EPS. The company’s revenue was down 22.7% on a year-over-year basis. Analysts predict that Analog Devices, Inc. will post 5.86 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were issued a dividend of $0.92 per share. This is a boost from Analog Devices’s previous quarterly dividend of $0.86. This represents a $3.68 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Monday, March 4th. Analog Devices’s payout ratio is currently 65.83%.

Analysts Set New Price Targets

ADI has been the topic of a number of recent research reports. The Goldman Sachs Group raised their price target on shares of Analog Devices from $191.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. KeyCorp lifted their target price on Analog Devices from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Sanford C. Bernstein cut Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 price target on the stock. in a research report on Thursday, January 4th. Wolfe Research raised Analog Devices from a “peer perform” rating to an “outperform” rating and set a $225.00 price target on the stock in a report on Thursday, January 18th. Finally, Evercore ISI assumed coverage on Analog Devices in a research note on Tuesday, April 16th. They set an “outperform” rating and a $254.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $208.17.

About Analog Devices

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.